Pattern Group Inc. (NASDAQ:PTRN) Receives Average Rating of “Buy” from Brokerages

Shares of Pattern Group Inc. (NASDAQ:PTRN) have been given an average recommendation of “Buy” by the twelve research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.7778.

PTRN has been the subject of a number of analyst reports. Wall Street Zen raised shares of Pattern Group to a “hold” rating in a research note on Saturday, October 11th. Robert W. Baird increased their price target on Pattern Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Stifel Nicolaus set a $22.00 price objective on Pattern Group in a research report on Thursday, November 6th. Baird R W upgraded Pattern Group to a “strong-buy” rating in a research report on Tuesday, October 14th. Finally, Needham & Company LLC lifted their target price on Pattern Group from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 6th.

Insider Buying and Selling at Pattern Group

In other Pattern Group news, Director Daniel Gay sold 1,300,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $13.02, for a total value of $16,926,000.00. Following the sale, the director owned 829,475 shares in the company, valued at $10,799,764.50. The trade was a 61.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David K. Wright sold 9,414,286 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $13.02, for a total transaction of $122,574,003.72. Following the transaction, the chief executive officer directly owned 29,418,585 shares of the company’s stock, valued at $383,029,976.70. This trade represents a 24.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On Pattern Group

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in shares of Pattern Group in the third quarter worth about $20,640,000. Westfield Capital Management Co. LP bought a new stake in Pattern Group in the 3rd quarter worth approximately $15,562,000. Steadview Capital Management LLC purchased a new stake in shares of Pattern Group during the 3rd quarter worth approximately $5,480,000. Teacher Retirement System of Texas purchased a new stake in shares of Pattern Group during the 3rd quarter worth approximately $2,740,000. Finally, Monashee Investment Management LLC bought a new position in shares of Pattern Group during the 3rd quarter valued at approximately $2,055,000.

Pattern Group Stock Down 1.1%

PTRN stock opened at $18.19 on Friday. Pattern Group has a twelve month low of $12.00 and a twelve month high of $20.10.

Pattern Group (NASDAQ:PTRN) last released its earnings results on Wednesday, November 5th. The company reported ($2.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.71) by $0.52. The firm had revenue of $639.66 million during the quarter, compared to analysts’ expectations of $570.78 million. Pattern Group has set its Q4 2025 guidance at EPS.

Pattern Group Company Profile

At Pattern, we are on a mission to help brands accelerate profitable growth on global ecommerce marketplaces. Today, our proprietary technology and on-demand experts operate across more than 60 marketplaces to increase product sales to consumers in more than 100 countries. Utilizing more than 46 trillion data points and sophisticated machine learning and artificial intelligence (“AI”) models, we strive to optimize and automate key levers of ecommerce growth, including advertising, content creation and management, pricing, forecasting and customer service.